Business Banking majors hike MCLR rate for one-year loan Ruchi Baweja June 2, 2018, 12:08 AM IST Mumbai : Banking majors SBI and PNB on Friday hiked their benchmark marginal cost of funds based lending rate (MCLR) for its one-year loans by 10 basis points, effective from June 1. A basis point is equivalent to 0.01 percentage point. Published on: Jun 2, 2018 at 00:08 IST IANS Post navigation Previous: Mallya barred from markets for three more years: SebiNext: Trump slams TV host for insulting Ivanka More Stories Business Top Stories SpiceJet cancels 4 Dubai flights after ground handler suspends check-in services Abhinandan November 13, 2026, 1:07 PM IST 0 Business Top Stories RBI issues consolidated domestic money transfer rules; retains Rs 50,000 cash NEFT cap Abhinandan November 12, 2026, 1:19 PM IST 0 Business World CNVIDIA to probe CEO Jensen Huang’s relationship with possible Chinese spy Abhinandan November 9, 2026, 12:52 PM IST 0
